Get Rich Education 395: Rents Are Skyrocketing—Here’s Why
Even when I was a landlord during the GFC fifteen years ago, my rents didn’t fall.
Rents are skyrocketing due to:
- Low housing supply
- Higher prices
- Higher interest rates
- Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort.
Next, I talk with an Alabama / Florida builder about how he overcomes today’s material supply chain and labor shortage difficulties.
They have a 93-day build time.
How? They store windows so that they cannot run out.
Cabinets have been a problem so bad that they’ve had to leave homes 99% complete until cabinets were ready.
Lumber and petroleum product price volatility has been a challenge.
They have their own division for titling vacant land for future building.
Alabama has America’s 2nd-lowest property taxes. As an out-of-state investor, you get to pay property tax in the state where you own property, not where you live.
To get started with Alabama income property, start at: www.GREmarketplace.com/Alabama
This build-to-rent provider uses fixtures like: LVP, granite or quartz countertops, stainless steel appliances.
LTRs and STRs will be available shortly. Start at: www.GREmarketplace.com/Alabama
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Show Notes:
Get started with new-build AL & FL long and short-term rentals:
www.GREmarketplace.com/Alabama
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
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